Park Ridge Housing Development Fund Company Inc

Analysis

Park Ridge Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Park Ridge Housing Development Fund Company Inc reported income of $602k and spending of $523k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $497k to $602k (+21%), an average of +4.9% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Ridge Housing Development Fund Company Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Arch Development Corporation ($602k), Minnesota Institute for Talented Youth ($602k) and Little League Baseball Inc ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 92% of the total. Other salaries and wages came to $69k. At year end it held assets of $1.1m against liabilities of $1.6m, net assets of -$569k. It reported 3 employees.